First Capital Holdings reports robust 1Q FY2025/26 performance with Rs.2.15bn PAT

Chairman Rajendra Theagarajah

Managing Director/CEO Dilshan Wirasekara

First Capital Holdings PLC (the group), a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced its financial results for the first quarter ended June 30, 2025, reporting a profit after tax (PAT) of Rs.2.15 billion, a substantial increase from Rs.582 million recorded in the corresponding period of the previous year. 

This strong performance reinforces the group’s position as a leading investment institution in Sri Lanka, driven by strategic market alignment and sectoral diversification. 

The group’s net trading income before operating expenses stood at Rs.3.40 billion, up from Rs.1.12 billion in the same quarter of last year, reflecting effective execution in a favourable market shaped by a moderate decline in interest rates following a reduction in the monetary policy rate.

The group’s primary dealer division emerged as the largest contributor, delivering a PAT of Rs.1.55 billion (2024/25 – Rs.464 million). This includes a trading gain of Rs.2.06 billion on government securities and net interest income of Rs.503 million, compared to Rs.462 million and Rs.387 million, respectively in the previous year.

The corporate finance advisory and corporate dealing securities divisions also reported a marked improvement, posting a combined PAT of Rs.587 million (2024/25 – Rs.73 million), reflecting renewed capital market activity and investor appetite.

Meanwhile, the wealth management division recorded a PAT of Rs.27 million (2024/25 – Rs.29 million), with assets under management standing at Rs.108 billion as of June 30, 2025 (March 31, 2025 – Rs.112 billion), supported by consistent client engagement and a stable portfolio strategy.

The stockbroking division continued its growth trajectory, recording a PAT of Rs.32 million, more than doubling from Rs.15 million reported in the corresponding period of the previous year.

First Capital Holdings Chairman Rajendra Theagarajah stated, “These results are an indication to the group’s strategic clarity, timely decision making and deep domain expertise. Amidst shifting market dynamics, First Capital has demonstrated its ability to create sustainable value across key verticals.”

First Capital Holdings Managing Director/CEO Dilshan Wirasekara added, “We have strategically positioned ourselves to leverage emerging opportunities across the debt and equity markets. Our primary dealer and corporate finance teams capitalised on improved market conditions, while our wealth management and stockbroking divisions continue to build scale and relevance.”